Tennant Company (TNC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 297.9M | 291.6M | 303.3M | 318.6M | 290M | 328.9M | 315.8M | 331M | 311M | 311.4M | 304.7M | 321.7M | 305.8M | 291M | 262.9M | 279.8M | 258.1M | 276.4M | 272M | 279.1M |
| Revenue Growth % | 2.72% | -11.34% | -3.96% | -3.75% | -6.75% | 5.62% | 3.64% | 2.89% | 1.7% | 7.01% | 15.9% | 14.97% | 18.48% | 5.28% | -3.35% | 0.25% | -1.97% | 1.25% | 3.86% | 30.42% |
| Cost of Goods Sold | 184.3M | 190.8M | 173.9M | 184.5M | 170M | 192.9M | 182M | 188.3M | 173.5M | 180.6M | 172.7M | 182.2M | 180.3M | 175.8M | 162.2M | 174.1M | 159.2M | 175.8M | 162.8M | 164.2M |
| COGS % of Revenue | 61.87% | 65.43% | 57.34% | 57.91% | 58.62% | 58.65% | 57.63% | 56.89% | 55.79% | 58% | 56.68% | 56.64% | 58.96% | 60.41% | 61.7% | 62.22% | 61.68% | 63.6% | 59.85% | 58.83% |
| Gross Profit | 113.6M | 100.8M | 129.4M | 134.1M | 120M | 136M | 133.8M | 142.7M | 137.5M | 130.8M | 132M | 139.5M | 125.5M | 115.2M | 100.7M | 105.7M | 98.9M | 100.6M | 109.2M | 114.9M |
| Gross Margin % | 38.13% | 34.57% | 42.66% | 42.09% | 41.38% | 41.35% | 42.37% | 43.11% | 44.21% | 42% | 43.32% | 43.36% | 41.04% | 39.59% | 38.3% | 37.78% | 38.32% | 36.4% | 40.15% | 41.17% |
| Gross Profit Growth % | -5.33% | -25.88% | -3.29% | -6.03% | -12.73% | 3.98% | 1.36% | 2.29% | 9.56% | 13.54% | 31.08% | 31.98% | 26.9% | 14.51% | -7.78% | -8.01% | -12.71% | -7.11% | 5.41% | 28.38% |
| Operating Expenses | 108.7M | 100.4M | 107.1M | 103.5M | 100.4M | 128.4M | 103.2M | 104.1M | 100M | 106.3M | 97.3M | 96M | 89.6M | 86.8M | 79.3M | 86.6M | 84.3M | 87.5M | 85.3M | 94.5M |
| OpEx % of Revenue | 36.49% | 34.43% | 35.31% | 32.49% | 34.62% | 39.04% | 32.68% | 31.45% | 32.15% | 34.14% | 31.93% | 29.84% | 29.3% | 29.83% | 30.16% | 30.95% | 32.66% | 31.66% | 31.36% | 33.86% |
| Selling, General & Admin | 98.1M | 93.8M | 95.3M | 93.7M | 90.7M | 116.4M | 92.7M | 92.9M | 89.9M | 95.7M | 88.2M | 87M | 81.7M | 79.2M | 71.4M | 78.7M | 76.6M | 79.4M | 76.9M | 86.2M |
| SG&A % of Revenue | 32.93% | 32.17% | 31.42% | 29.41% | 31.28% | 35.39% | 29.35% | 28.07% | 28.91% | 30.73% | 28.95% | 27.04% | 26.72% | 27.22% | 27.16% | 28.13% | 29.68% | 28.73% | 28.27% | 30.89% |
| Research & Development | 10.6M | 11.2M | 10.5M | 9.8M | 9.7M | 12M | 10.5M | 11.2M | 10.1M | 10.6M | 9.1M | 9M | 7.9M | 7.6M | 7.9M | 7.9M | 7.7M | 8.1M | 8.4M | 8.3M |
| R&D % of Revenue | 3.56% | 3.84% | 3.46% | 3.08% | 3.34% | 3.65% | 3.32% | 3.38% | 3.25% | 3.4% | 2.99% | 2.8% | 2.58% | 2.61% | 3% | 2.82% | 2.98% | 2.93% | 3.09% | 2.97% |
| Other Operating Expenses | 0 | -1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -300K | 0 | 0 |
| Operating Income | 4.9M | 400K | 22.3M | 30.6M | 19.6M | 7.6M | 30.6M | 38.6M | 37.5M | 24.5M | 34.7M | 43.5M | 35.9M | 28.4M | 21.4M | 19.1M | 14.6M | 13.1M | 23.9M | 20.4M |
| Operating Margin % | 1.64% | 0.14% | 7.35% | 9.6% | 6.76% | 2.31% | 9.69% | 11.66% | 12.06% | 7.87% | 11.39% | 13.52% | 11.74% | 9.76% | 8.14% | 6.83% | 5.66% | 4.74% | 8.79% | 7.31% |
| Operating Income Growth % | -75% | -94.74% | -27.12% | -20.73% | -47.73% | -68.98% | -11.82% | -11.26% | 4.46% | -13.73% | 62.15% | 127.75% | 145.89% | 116.79% | -10.46% | -6.37% | -59.78% | 63.75% | 29.89% | -10.92% |
| EBITDA | 19.8M | 15.7M | 37M | 45.3M | 33.6M | 21.7M | 44.3M | 52.4M | 51M | 38.2M | 47.4M | 56M | 48.1M | 41M | 32.7M | 31.2M | 27.3M | 26.6M | 37M | 33.3M |
| EBITDA Margin % | 6.65% | 5.38% | 12.2% | 14.22% | 11.59% | 6.6% | 14.03% | 15.83% | 16.4% | 12.27% | 15.56% | 17.41% | 15.73% | 14.09% | 12.44% | 11.15% | 10.58% | 9.62% | 13.6% | 11.93% |
| EBITDA Growth % | -41.07% | -27.65% | -16.48% | -13.55% | -34.12% | -43.19% | -6.54% | -6.43% | 6.03% | -6.83% | 44.95% | 79.49% | 76.19% | 54.14% | -11.62% | -6.31% | -45.29% | 20.91% | 15.26% | -6.2% |
| D&A (Non-Cash Add-back) | 14.9M | 15.3M | 14.7M | 14.7M | 14M | 14.1M | 13.7M | 13.8M | 13.5M | 13.7M | 12.7M | 12.5M | 12.2M | 12.6M | 11.3M | 12.1M | 12.7M | 13.5M | 13.1M | 12.9M |
| EBIT | 8.6M | -3.9M | 21.8M | 29.5M | 19.5M | 6.9M | 30.2M | 39.4M | 37.4M | 24.5M | 33.2M | 43.9M | 35.7M | 28.1M | 22M | 21.8M | 15M | 12.3M | 22.9M | 9.3M |
| Net Interest Income | -3.4M | -2.1M | -2.4M | -2.2M | -2.3M | -1.6M | -2.7M | -2.5M | -2.3M | -2.5M | -3.3M | -4M | -3.7M | -3.4M | -2.2M | -1.2M | -300K | -700K | -600K | -2M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100K |
| Interest Expense | 3.4M | 2.1M | 2.4M | 2.2M | 2.3M | 1.6M | 2.7M | 2.5M | 2.3M | 2.5M | 3.3M | 4M | 3.7M | 3.4M | 2.2M | 1.2M | 300K | 700K | 600K | 2.1M |
| Other Income/Expense | -4M | -6.4M | -2.9M | -3.3M | -2.4M | -2.3M | -3.1M | -1.7M | -2.4M | -2.5M | -4.8M | -3.6M | -3.9M | -3.7M | -1.6M | 1.2M | 100K | -1.5M | -1.6M | -13.2M |
| Pretax Income | 900K | -6M | 19.4M | 27.3M | 17.2M | 5.3M | 27.5M | 36.9M | 35.1M | 22M | 29.9M | 39.9M | 32M | 24.7M | 19.8M | 20.3M | 14.7M | 11.6M | 22.3M | 7.2M |
| Pretax Margin % | 0.3% | -2.06% | 6.4% | 8.57% | 5.93% | 1.61% | 8.71% | 11.15% | 11.29% | 7.06% | 9.81% | 12.4% | 10.46% | 8.49% | 7.53% | 7.26% | 5.7% | 4.2% | 8.2% | 2.58% |
| Income Tax | 700K | -1.6M | 4.5M | 7.1M | 4.1M | -1.3M | 6.7M | 9M | 6.7M | -9M | 7M | 8.6M | 7.7M | 900K | 4.2M | 3.7M | 4.4M | 3.7M | 800K | -2.6M |
| Effective Tax Rate % | 77.78% | 26.67% | 23.2% | 26.01% | 23.84% | -24.53% | 24.36% | 24.39% | 19.09% | -40.91% | 23.41% | 21.55% | 24.06% | 3.64% | 21.21% | 18.23% | 29.93% | 31.9% | 3.59% | -36.11% |
| Net Income | 200K | -4.4M | 14.9M | 20.2M | 13.1M | 6.6M | 20.8M | 27.9M | 28.4M | 31M | 22.9M | 31.3M | 24.3M | 23.8M | 15.6M | 16.6M | 10.3M | 7.9M | 21.5M | 9.8M |
| Net Margin % | 0.07% | -1.51% | 4.91% | 6.34% | 4.52% | 2.01% | 6.59% | 8.43% | 9.13% | 9.96% | 7.52% | 9.73% | 7.95% | 8.18% | 5.93% | 5.93% | 3.99% | 2.86% | 7.9% | 3.51% |
| Net Income Growth % | -98.47% | -166.67% | -28.37% | -27.6% | -53.87% | -78.71% | -9.17% | -10.86% | 16.87% | 30.25% | 46.79% | 88.55% | 135.92% | 201.27% | -27.44% | 69.39% | -59.92% | 216% | 83.76% | -31.47% |
| Net Income (Continuing) | 200K | -4.4M | 14.9M | 20.2M | 13.1M | 6.6M | 20.8M | 27.9M | 28.4M | 31M | 22.9M | 31.3M | 24.3M | 23.8M | 15.6M | 16.6M | 10.3M | 7.9M | 21.5M | 9.8M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.8M | 1.8M | 1.8M | 1.8M | 1.7M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M |
| EPS (Diluted) | 0.01 | -0.25 | 0.80 | 1.08 | 0.69 | 0.35 | 1.09 | 1.45 | 1.49 | 1.64 | 1.21 | 1.68 | 1.30 | 1.27 | 0.83 | 0.89 | 0.55 | 0.42 | 1.14 | 0.51 |
| EPS Growth % | -98.38% | -171.43% | -26.61% | -25.52% | -53.69% | -78.66% | -9.92% | -13.69% | 14.62% | 29.13% | 45.78% | 88.76% | 136.36% | 202.38% | -27.19% | 74.51% | -59.85% | 223.08% | 80.95% | -33.77% |
| EPS (Basic) | 0.01 | -0.25 | 0.81 | 1.10 | 0.70 | 0.36 | 1.11 | 1.47 | 1.52 | 1.67 | 1.23 | 1.70 | 1.32 | 1.29 | 0.84 | 0.90 | 0.56 | 0.43 | 1.16 | 0.53 |
| Diluted Shares Outstanding | 17.8M | 18.18M | 18.55M | 18.69M | 18.96M | 19.04M | 19.09M | 19.21M | 19.08M | 18.93M | 18.88M | 18.71M | 18.68M | 18.69M | 18.69M | 18.68M | 18.8M | 18.82M | 18.87M | 18.93M |
| Basic Shares Outstanding | 17.56M | 17.95M | 18.63M | 18.51M | 18.7M | 18.78M | 18.81M | 18.9M | 18.67M | 18.59M | 18.57M | 18.44M | 18.45M | 18.49M | 18.52M | 18.51M | 18.46M | 18.44M | 18.55M | 18.55M |
| Dividend Payout Ratio | 2750% | - | 36.24% | 26.73% | 42.75% | 83.33% | 25.48% | 19% | 18.66% | 17.1% | 21.83% | 15.65% | 20.16% | 20.59% | 30.77% | 27.71% | 44.66% | 58.23% | 20% | 44.9% |